Robots Threaten to Replace Manufacturing Workers

Source: TheLipTV

Industrial robots could have a huge impact on the manufacturing industry and some of its workers, according to a new study by two economics professors, Georg Graetz from Uppsala University and Guy Michaels from the London School of Economics. The study measured the use of industrial robots and how it has changed from 1993-2007 to find that industrial robots increase labor productivity, total factor productivity, and wages. Could this reduce the employment of low and middle skilled workers? Jackie Koppell of the Lip News takes a look at the study.